Under the SRES, homeowners receive Small-scale Technology Certificates (STCs) for their solar power system, which can be sold to electricity retailers or traders. The number of STCs received depends on the size of the system and its location, and the value of STCs can fluctuate based on market demand.

April 2, 2024by Luke0

STCs are a form of financial incentive designed to encourage the installation of renewable energy systems like Solar panels. Homeowners can claim STCs for their system by registering it with the Clean Energy Regulator and providing evidence of its installation by a certified installer.

The number of STCs a homeowner receives is determined by the system’s capacity in kilowatts and its location, with more STCs awarded for larger systems and for installations in areas with lower levels of Solar radiation. The value of STCs is determined by market demand and can fluctuate over time.

Once a homeowner has received their STCs, they have the option to sell them to electricity retailers or traders on the STC market. This can provide a source of income to help offset the upfront cost of installing a Solar power system.

Overall, the STC scheme aims to make renewable energy more affordable and accessible to homeowners, while also helping to reduce greenhouse gas emissions and combat climate change.

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